DLF Q2 profit dips 15% on lower operational revenue

Realty major DLF on Thursday reported a 15% decline in consolidated net profit at ₹1,180.09 crore for the quarter ended September, compared to ₹1,381.22 crore in the corresponding period last year, primarily due to lower revenue from operations.Revenue from operations fell to ₹1,643.04 crore during the July–September period of the current fiscal year from ₹1,975.02 crore a year earlier. However, total income rose marginally to ₹2,261.80 crore from ₹2,180.83 crore in the year-ago quarter, aided by higher other income.

DLF said it continues to focus on strengthening its balance sheet and maintaining strong cash generation. The company’s net cash position stood at ₹7,717 crore at the end of the September quarter, despite higher dividend payouts and debt repayments.

New sales bookings stood at ₹4,332 crore during the quarter, led by its maiden Mumbai project ‘The Westpark’ and sustained demand in the super-luxury segment. Cumulative bookings for the first half of FY26 were ₹15,757 crore, in line with its annual guidance.DLF Cyber City Developers, its rental arm, continued to deliver steady growth with Q2FY26 consolidated revenue at ₹1,822 crore and EBITDA at ₹1,412 crore, marking a 12% year-on-year growth. Consolidated profit for the quarter rose 23% year-on-year to ₹643 crore. The arm also received a 5-Star GRESB rating and was named Global Sector Leader (Unlisted) for its ESG initiatives.

DLF said it added two new assets to its annuity portfolio — 2.1 million sq ft (first phase) at Atrium Place in Gurugram and 0.2 million sq ft at DLF Midtown Plaza in Delhi. Its total operational annuity portfolio now stands at about 49 million sq ft, among the largest organically developed portfolios in the country.

The company said it remains committed to leveraging strong sector tailwinds, driven by resilient housing demand and rising preference for credible, branded developers.